Gold prices remained resilient above $5,000/oz in early Asian trading, maintaining recent record highs driven by escalating geopolitical tensions and economic uncertainties. The Federal Reserve meeting this week added to market jitters, though interest rates are expected to remain unchanged.

Trump's aggressive trade policies, including threats against Canada and South Korea, have triggered a flight to safe-haven assets. The trade embargo on Canada and tariff hikes against South Korea have exacerbated market volatility, pushing investors towards gold as a stable store of value.

The Geopolitical risks in Iran and the Middle East further amplified market anxiety, with U.S. ships deployed to the region. Investors are closely watching these developments, as they could lead to further appreciation in gold prices.

Experts predict continued strength in gold as long as geopolitical tensions persist. The upcoming Fed decision and any further trade actions by the U.S. will be critical factors influencing market sentiment and gold demand.